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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG River Road Focused Absolute Value Fund

AFAVX | Fund

$12.15

$47.9 M

1.19%

$0.15

1.01%

Vitals

YTD Return

-7.1%

1 yr return

1.6%

3 Yr Avg Return

12.0%

5 Yr Avg Return

2.0%

Net Assets

$47.9 M

Holdings in Top 10

44.7%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 149.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG River Road Focused Absolute Value Fund

AFAVX | Fund

$12.15

$47.9 M

1.19%

$0.15

1.01%

AFAVX - Profile

Distributions

  • YTD Total Return -7.1%
  • 3 Yr Annualized Total Return 12.0%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.35%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AMG River Road Focused Absolute Value Fund
  • Fund Family Name
    AMGFUNDSGR
  • Inception Date
    Nov 03, 2015
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Forsha

Fund Description

div style="line-height: 10.75pt; margin-top: 0.00pt; text-align: left;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"The Fund principally invests in a portfolio of equity securities of /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"U.S. and non-U.S. companies and may invest in securities of all /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"market capitalizations. Under normal conditions, the Fund /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"intends to invest its assets in the equity securities of a limited /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"number of issuers. In pursuing its investment strategy, the Fund /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"will primarily invest in common stocks, real estate investment /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"trusts (“REITs”) and publicly traded partnerships (“PTPs”), /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"including, but not limited to, master limited partnerships /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"(“MLPs”). The Fund may invest in non U.S. companies through /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"depositary receipts or by directly investing in securities listed on /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"foreign exchanges./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"The investment philosophy of River Road Asset Management, /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"LLC, the subadviser to the Fund (“River Road” or the /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"“Subadviser”), is based upon its proprietary Absolute Value® /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"approach, which seeks to generate attractive, sustainable returns /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"over the long term, with an emphasis on minimizing downside /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"portfolio risk./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"The Subadviser builds the Fund’s portfolio from the bottom up, /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"making security-specific research central to the Subadviser’s /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"process. At the core of the Subadviser’s Absolute Value/spanspan style="color: #000000; font-family: times new roman; font-size: 6.5pt; position: relative; top: -4.25pt;"®/spanspan style="color: #000000; font-family: times new roman; font-size: 6.5pt; line-height: 10.75pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"approach is a systematic method for assessing the ‘risk-to-reward’/spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;" characteristics of an investment. The goal of the research /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"process is to formulate two outputs from which an investment /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"decision is made – conviction rating (risk) and discount to value /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"(reward). The Subadviser combines a stock’s conviction rating /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"with its discount to value in an effort to determine not only /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"whether the stock qualifies for investment, but also how the /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"stock will be sized within the Fund./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="line-height: 10.75pt; text-align: left;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"In managing the Fund, the Subadviser employs an all-cap /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"strategy that focuses on a limited number of securities representing/spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;" the Subadviser’s “best ideas” across all of its core strategies./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;" These “best ideas” are the result of the Subadviser’s /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"risk/reward assessment, which is based on the Subadviser’s /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"conviction about a company and opinion about the company’s /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"discount to valuation./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"To seek to manage risk, the Subadviser employs a structured sell /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"discipline./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"The Subadviser’s investment strategy is highly opportunistic and /spanspan style="color: #000000; font-family: times new roman; font-size: 10pt;"may result in high portfolio turnover./spanspan style="color: #000000; font-family: times new roman; font-size: 10pt; line-height: 10.75pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 10pt;"The Fund is classified as non-diversified./span/div
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AFAVX - Performance

Return Ranking - Trailing

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -22.2% 42.3% 98.49%
1 Yr 1.6% -15.2% 81.7% 94.56%
3 Yr 12.0%* 4.2% 36.0% 73.41%
5 Yr 2.0%* -5.2% 17.7% 96.60%
10 Yr 7.6%* 5.2% 17.0% 86.97%

* Annualized

Return Ranking - Calendar

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
2025 0.5% -30.5% 23.6% 45.32%
2024 1.7% -9.8% 27.4% 86.10%
2023 9.4% -12.9% 28.8% 74.16%
2022 -17.0% -52.6% 3.0% 33.13%
2021 7.4% -43.8% 32.4% 70.59%

Total Return Ranking - Trailing

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -22.2% 42.3% 98.49%
1 Yr 1.6% -15.2% 81.7% 94.56%
3 Yr 12.0%* 4.2% 36.0% 73.41%
5 Yr 2.0%* -5.2% 17.7% 96.60%
10 Yr 7.6%* 5.2% 17.0% 86.97%

* Annualized

Total Return Ranking - Calendar

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
2025 13.6% -5.5% 30.3% 9.97%
2024 17.7% -7.0% 34.8% 14.50%
2023 12.5% 1.8% 31.3% 77.81%
2022 -16.2% -45.7% 4.4% 67.18%
2021 7.8% -30.2% 52.8% 97.52%

NAV & Total Return History

AFAVX - Holdings

Concentration Analysis

AFAVX Category Low Category High AFAVX % Rank
Net Assets 47.9 M 728 K 214 B 90.33%
Number of Holdings 34 1 2748 86.40%
Net Assets in Top 10 22.1 M 1.42 M 17.9 B 85.20%
Weighting of Top 10 44.70% 4.7% 100.0% 17.58%

Top 10 Holdings

  1. CITADEL SECURITIES LLC 6.67%
  2. Berkshire Hathaway Inc 5.24%
  3. Lithia Motors Inc 4.40%
  4. BJ's Wholesale Club Holdings Inc 4.40%
  5. Smith Nephew PLC 4.17%
  6. Amrize Ltd 4.12%
  7. CRH PLC 3.99%
  8. GE HealthCare Technologies Inc 3.95%
  9. Cooper Cos Inc/The 3.88%
  10. McGrath RentCorp 3.87%

Asset Allocation

Weighting Return Low Return High AFAVX % Rank
Stocks 		98.22% 5.44% 100.09% 67.98%
Other 		8.91% -0.37% 16.45% 1.81%
Preferred Stocks 		0.00% 0.00% 5.95% 51.36%
Convertible Bonds 		0.00% 0.00% 1.78% 51.06%
Cash 		0.00% 0.00% 20.13% 96.37%
Bonds 		0.00% 0.00% 72.34% 54.68%

Stock Sector Breakdown

Weighting Return Low Return High AFAVX % Rank
Financial Services 		23.95% 0.00% 31.51% 4.55%
Technology 		16.06% 0.00% 40.65% 43.64%
Consumer Cyclical 		14.49% 2.49% 46.48% 30.30%
Communication Services 		14.34% 0.00% 30.98% 3.03%
Consumer Defense 		9.87% 0.00% 32.18% 8.18%
Utilities 		8.03% 0.00% 18.97% 10.91%
Healthcare 		7.27% 0.00% 24.06% 86.67%
Energy 		3.04% 0.00% 34.66% 76.67%
Industrials 		2.96% 0.00% 45.89% 98.48%
Real Estate 		0.00% 0.00% 25.82% 95.15%
Basic Materials 		0.00% 0.00% 16.35% 97.58%

Stock Geographic Breakdown

Weighting Return Low Return High AFAVX % Rank
US 		98.22% 5.44% 100.09% 56.80%
Non US 		0.00% 0.00% 16.83% 58.01%

AFAVX - Expenses

Operational Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.02% 6.24% 45.73%
Management Fee 0.60% 0.00% 1.50% 41.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.30% 73.96%

Sales Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 149.00% 0.00% 304.00% 96.94%

AFAVX - Distributions

Dividend Yield Analysis

AFAVX Category Low Category High AFAVX % Rank
Dividend Yield 1.19% 0.00% 29.78% 23.26%

Dividend Distribution Analysis

AFAVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

AFAVX Category Low Category High AFAVX % Rank
Net Income Ratio 0.35% -2.06% 3.38% 52.12%

Capital Gain Distribution Analysis

AFAVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

AFAVX - Fund Manager Analysis

Managers

Thomas Forsha

Start Date

Tenure

Tenure Rank

Nov 03, 2015

6.58

6.6%

Mr. Forsha serves as Co-Chief Investment Officer for River Road. Additionally, he is a portfolio manager for River Road’s Dividend All-Cap Value and Focused Absolute Value® Portfolios. Mr. Forsha holds equity in the firm and serves as a non-voting member of the Executive Committee, River Road’s governing body. Prior to joining River Road in 2005, Mr. Forsha served as Equity Analyst and Portfolio Manager for ABN AMRO Asset Management USA, where he was responsible for management of the North American equity allocation of the firm’s Global High Income Equity Fund.

R. Andrew Beck

Start Date

Tenure

Tenure Rank

Nov 03, 2015

6.58

6.6%

Mr. Beck serves as Chief Executive Officer for River Road. Additionally, he is a portfolio manager for River Road’s Small Cap Value, Small-Mid Cap Value, Mid Cap Value, and Focused Absolute Value® Portfolios. Mr. Beck is the largest individual shareholder in the firm and serves as Chair of the Executive Committee, River Road’s governing body. Prior to co-founding River Road in 2005, Mr. Beck served as Senior Research Analyst and, later, Senior Vice President and Portfolio Manager for SMC Capital Inc. (Commonwealth SMC).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 32.69 7.46 5.78

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